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Report Date : |
03.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
HPM GLOBAL INC. |
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Formerly Known As : |
HYE WON PACK MASTER CO., LTD. |
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Registered Office : |
602, Yeongdong-daero, Gangnam-gu, Seoul, Korea, Rm. 804, Michelan 107, 135-873 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
09.09.1991 |
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Com. Reg. No.: |
120-81-09454 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
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No of Employees : |
55 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SOUTH KOREA - ECONOMIC OVERVIEW
South Korea over the past
four decades has demonstrated incredible growth and global integration to
become a high-tech industrialized economy. In the 1960s, GDP per capita was
comparable with levels in the poorer countries of Africa and Asia. In 2004,
South Korea joined the trillion-dollar club of world economies, and is
currently the world's 12th largest economy. Initially, a system of close
government and business ties, including directed credit and import
restrictions, made this success possible. The government promoted the import of
raw materials and technology at the expense of consumer goods, and encouraged
savings and investment over consumption. The Asian financial crisis of 1997-98
exposed longstanding weaknesses in South Korea's development model including
high debt/equity ratios and massive short-term foreign borrowing. GDP plunged
by 6.9% in 1998, and then recovered by 9% in 1999-2000. South Korea adopted
numerous economic reforms following the crisis, including greater openness to
foreign investment and imports. Growth moderated to about 4% annually between
2003 and 2007. South Korea's export focused economy was hit hard by the 2008
global economic downturn, but quickly rebounded in subsequent years, reaching
6.3% growth in 2010. The US-Korea Free Trade Agreement was ratified by both
governments in 2011 and went into effect in March 2012. Throughout 2012 and
2013 the economy experienced sluggish growth because of market slowdowns in the
United States, China, and the Eurozone. The administration in 2014 is likely to
face the challenge of balancing heavy reliance on exports with developing
domestic-oriented sectors, such as services. The South Korean economy's long
term challenges include a rapidly aging population, inflexible labor market,
dominance of large conglomerates (chaebols), and heavy reliance on exports,
which comprise about half of GDP.
|
Source
: CIA |
|
Company Name |
HPM GLOBAL INC. (Korean Company Name : “(주)에이치피엠글로벌”) |
|
Registered Address |
602, Yeongdong-daero, Gangnam-gu, Seoul, Korea |
|
Building |
Rm. 804, Michelan107 |
|
Zip Code |
135-873 |
|
Tel |
+82-2-551-5981~6 |
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Fax |
+82-2-551-5987 |
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E-mail |
info@hpmglobal.com;sales@hpmglobal.com |
|
Website |
www.hyewonpack.com |
|
Trading Address |
Rm. 804, Michelan107, 602, Yeongdong-daero, Gangnam-gu, Seoul, Korea (Old Address System : Rm. 804, Michelan107, 107, Samseong 1-dong,
Gangnam-gu, Seoul, Korea) |
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Tel |
+82-2-551-5981~6 |
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Fax |
+82-2-551-5987 |
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Other Address |
7280-25, Seodong-daero, Iljuk-myeon, Anseong-si, Gyeonggi-do, Korea |
|
Tel |
|
|
Fax |
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Type |
Export |
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Industry |
Wholesale of Materials for Recycling and Other Specialized Goods
n.e.c. |
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Main Business |
Flexible Packaging, Machinery |
|
Sub
Business |
Wholesale of Other Industrial Machinery and Equipment |
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Established (mm/dd/yyyy) |
09/09/1991 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Packaging films(24141514) |
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Sell |
Packaging paper(14121504) |
|
Name |
Bang Si-Young |
|
Address |
8, Eonnam 3-gil, Seocho-gu, Seoul, Korea |
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Date of Birth |
04/12/1949 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
500,000,000 |
|
Employees |
55 |
|
Formation |
Co., Ltd by Shares Venture Business |
|
Bank Details |
Kookmin Bank-Seocho Dong Branch |
|
Corporate Registered No. |
110111-0803216 |
|
Business Registered No. |
120-81-09454 |
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Permit & Licenses |
04/11/2013 ISO 9001 Int’l Trade No.: 11009483 |
|
Shareholder Position |
N/A |
|
Company History |
09/09/1991 Incorporated as Hye Won
International Co., Ltd. 02/16/2004 Changed company name to HYE WON PACK MASTER CO., LTD. 12/01/2004 Increased the authorized shares to 200,000 shares from
40,000 shares 02/05/2005 Changed company name to the present name 03/12/2009 Increased capital to 500,000,000 KRW from 400,000,000 KRW 09/25/2012 Moved to the present HQ address from Rm. 704, Michelan107,
107, Samseong 1-dong, Gangnam-gu, Seoul, Korea 05/20/2014 Designated as an INNO-BIZ
Company |
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|
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Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Bang Si-Young |
Male |
Korean |
06/23/;2013 |
|
Director |
Mr. |
Kim Young-Ho |
Male |
Korean |
03/05/2009 |
|
Director |
Mr. |
Shin Jung-Hoon |
Male |
Korean |
03/05/2009 |
|
Auditor |
M/S. |
Jung Won-Young |
Female |
Korean |
03/31/1993 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2013 |
23,051,000,000 |
12,585,000,000 |
750,000,000 |
|
2012 |
20,508,000,000 |
7,058,000,000 |
720,000,000 |
|
2011 |
13,802,000,000 |
5,640,000,000 |
100,000,000 |
|
2010 |
N/A |
N/A |
N/A |
|
2009 |
13,544,000,000 |
5,095,000,000 |
145,000,000 |
|
2008 |
13,147,000,000 |
4,305,000,000 |
99,000,000 |
|
Authorized Capital(KRW) |
1,000,000,000 |
|
Paid-Up Capital(KRW) |
500,000,000 |
|
Total Issued Shares |
100,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Total Assets |
12,585,000,000 |
7,058,000,000 |
5,640,000,000 |
|
Current Assets |
6,956,000,000 |
4,815,000,000 |
3,229,000,000 |
|
-Quick Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
|
Fixed Assets |
5,629,000,000 |
2,243,000,000 |
2,411,000,000 |
|
-Investment |
- |
- |
- |
|
-Tangibles |
- |
- |
- |
|
-Intangibles |
- |
- |
- |
|
Total Liabilities |
10,095,000,000 |
5,017,000,000 |
4,269,000,000 |
|
Current Liabilities |
7,027,000,000 |
4,471,000,000 |
3,625,000,000 |
|
Fixed Liabilities |
3,068,000,000 |
546,000,000 |
644,000,000 |
|
Capital Stock |
500,000,000 |
500,000,000 |
500,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
- |
- |
- |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
2,490,000,000 |
2,041,000,000 |
1,371,000,000 |
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Liab. & Shareholder’s Equity |
12,585,000,000 |
7,058,000,000 |
5,640,000,000 |
Income
Statement
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|||
|
Unit : Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Sales |
23,051,000,000 |
20,508,000,000 |
13,802,000,000 |
|
Cost of Sold Goods |
17,864,000,000 |
15,483,000,000 |
10,733,000,000 |
|
Gross Profit |
5,187,000,000 |
5,025,000,000 |
3,069,000,000 |
|
Selling & Admin. Expenses |
4,064,000,000 |
3,976,000,000 |
2,785,000,000 |
|
Operating Income |
1,123,000,000 |
1,049,000,000 |
284,000,000 |
|
Non-Operating Income |
298,000,000 |
131,000,000 |
183,000,000 |
|
Non-Operating Expenses |
648,000,000 |
461,000,000 |
368,000,000 |
|
Income Before Taxes |
773,000,000 |
720,000,000 |
100,000,000 |
|
Income Taxes Expenses |
23,000,000 |
- |
- |
|
Net Income |
750,000,000 |
720,000,000 |
100,000,000 |
|
Main Products & Services |
Flexible Packaging, Machinery |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
DAIHAN EUNPAKGY CO.,LTD.(134511-0000973) SAMMIN CHEMICAL IND CO.,LTD.(120111-0008616) FILMAX CORPORATION(176011-0034089) |
|
Customers |
FUJIN(BRAZIL) PETBOWE(PHILIPPINES) JBS(BRAZIL) SOPAKCO(USA) |
|
Competitors |
WON JI CO., LTD. 218-1, BANGHYEON-RI, YEOMCHI-EUP, ASAN-SI,
CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-539-0400 FAX:+82-41-547-1551 KSP CO., LTD. 933-2, GWANYANG 2-DONG, DONGAN-GU,
ANYANG-SI, GYEONGGI-DO, KOREA TEL:+82-31-421-2881 FAX:+82-31-421-8692 IPAK CO., LTD. 835-2, WONSI-DONG, DANWON-GU, ANSAN-SI,
GYEONGGI-DO, KOREA TEL:+82-31-489-2600 FAX:+82-31-492-5006 |
The Subject exports to Indonesia, Thailand
and Philippines.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
|
1 |
Rs.98.06 |
|
Euro |
1 |
Rs.77.19 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
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Report Prepared
by : |
SMN |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.